Morning Must Reads: Trial Balloon

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The Bolsheviks have taken over, capitalism as we know it is about to come to an end and, yet, somehow the Dow Jones industrial average has gained 47 percent since the Obama inauguration, private-sector profits are back at record levels and business investment in new equipment and software is growing at the annual rate of 11.7 percent.

One might add that the (disappointingly few) jobs being added right now are all in the private sector as local and state government payrolls continue to hemorrhage.